Elmer Fed? US PCE Price Growth Hits 5.2%, Highest Since Mid-1983 (Taylor Rule Suggests Target Rate of 13.35%)
by confoundedinterest17 And this doesn’t include the inflation in prices caused by the Russian invasion of Ukraine. Yet. US Personal Consumption Expenditures (PCE) price index rose by 5.2% in January, the fastest rate since mid-1983. With CPI inflation at 7.5% YoY, …